NoOnes Suffers Major Security Breach Resulting In $8 Million Loss

According to BlockBeats, on January 26, the peer-to-peer cryptocurrency trading platform NoOnes disclosed a significant security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. The incident was confirmed by CEO Ray Youssef after blockchain investigator ZachXBT revealed the hack on his Telegram channel. Youssef, who previously served as CEO of rival peer-to-peer crypto platform Paxful, explained that the breach occurred on January 1 due to an exploitation of their Solana bridge. In response, NoOnes promptly disabled the compromised bridge, which remains offline as of now. In a post on X, Youssef stated, "We acted swiftly to contain the breach, ensuring user funds and personal data remain secure." He also emphasized the company's commitment to further securing their systems, noting that support for Solana will not be reinstated until comprehensive penetration testing is completed.